Life, Money and Gratitude # 31
Tired of living in your Mom’s basement? Time to show that you can stand on your own two feet, but first let's see how much you can afford.
Moving out of your parents house has a bunch of great benefits like:
A lot of young adults with a job can live on their own
Show your mom you have a backbone
If you never move out you never grow up
The power of relying on yourself
Nothing like being the king of your castle(or small apartment)
Be able to come and go as you please
Not have your mom walk in on you and your partner
Knowing you can take care of yourself
Here's some example incomes and what they can afford (using the 1/4 of income rule of thumb) :
• If you make $20,000 a year you can afford $416/mo in rent.
• If you make $30,000 a year you can afford $513/mo in rent.
• If you make $50,000 a year you can afford $1,416/mo in rent.
• If you make $100,000 a year you can afford $2,416/mo in rent.
• If you make $150,000 a year you can afford $6,416/mo in rent.
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